Hot Off the Press
Pair of Precision Machining Companies Merge
Thursday, September 20, 2007
Integrated Manfuacturing Group, LLC (IMG), Livermore, CA, has merged two precision machining and electro-mechanical assembly companies that it has owned as separate entities since March 2005. The two companies that now are one: Niles Machine and Tool Works, LLC, Niles, MI, and Pacific Production Engineering Consulting, LLC, Palo Alto, CA. The merger aims to create a more efficient, competitive and service-oriented organization, say company officials. Niles Machine and Tool Works is online at
www.nmtw.com.
Cutting-Machine Manufacturer Quadruples Plant Size
Thursday, September 20, 2007
Cutting Systems, Inc., a manufacturer of plasma-cutting machines, has moved from its 11,000-sq.-ft. facility in Cleveland, OH, to a new 45,000-sq.-ft. plant, also in Cleveland, the largest production facility in the 37-yr.-old history of the family-owned business. Learn all about the firm at
www.cuttingsystems.com.
PE Fund Invests in Dallas-Based Metals Service Center
Tuesday, September 18, 2007
Harbert Private Equity Fund II, LLC, Birmingham, AL, has acquired a majority interest in Arbor Metals, LP, Dallas, TX. Arbor, founded in 1984, is a $60-million processor of precision strip and coil stainless steel and other nonferrous alloys, and offers coil slitting and edging, blanking, toll processing and other services;
www.arbormetals.com. Learn more about Harbert at
www.harbert.net.
